Mobius Says Blindfolded Investor Can Find Value in Russia Stocks - Bloomberg:
"Russian stocks are such good value that almost anyone could find some bargains, according to Mark Mobius.
“You could almost be blindfolded and throw a few darts and you’ll hit something that’s cheap,” Mobius, who overseas about $40 billion as chairman of Templeton Emerging Markets Group, said in an interview today. Still, he’s not buying because of sanctions imposed on the nation over the conflict in Ukraine.
Russian equities offer “tremendous value now, but the problem is this inexorable march towards more and more sanctions, particularly from the U.S.,” he said in an interview with Bloomberg TV’s Guy Johnson and Francine Lacqua from Hong Kong. “We talk to our Russian analysts and every day they are coming up with new bargains. But we won’t put money in because of these sanctions.”"
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